DHAKA -- Bangladesh on Tuesday began loading fuel into the country's first nuclear power plant, marking a significant step in reducing the country's heavy reliance on fossil fuels highlighted by the fallout from the Iran war.
Ueda signals BOJ open to rate hike as inflation risk mounts
TOKYO -- In a divided vote, the Bank of Japan decided to hold its benchmark interest rate steady on Tuesday while significantly raising its inflation outlook for the current fiscal year.
Yen wavers near 159 vs dollar as BOJ keeps June hike option open
TOKYO -- The Japanese yen oscillated around 159 against the dollar on Tuesday after the central bank flagged a higher inflation outlook while keeping policy rates unchanged at 0.75% at the end of its two-day meeting.
China vows 'forceful' steps to bolster economy as Iran war dims outlook
TOKYO/SHANGHAI -- China's top leadership on Tuesday pledged to take more "forceful" measures to strengthen energy security and shore up business confidence, as the country faces economic headwinds from the protracted U.S.-Iran standoff in the Middle East.
US allies in Asia forge a new web of defense partnerships
Richard Heydarian is an Asia-based geopolitics expert and author of "The Indo-Pacific: Trump, China and the New Struggle for Global Mastery."
Denso to keep up chip partnerships even after halting Rohm bid
TOKYO -- Japanese auto parts manufacturer Denso said on Tuesday it has abandoned its proposed purchase of Kyoto-based chipmaker Rohm, a move that will force the company to rethink how to strengthen its semiconductor business.
Yen jumps to 158 vs dollar as BOJ lifts June hike expectations
TOKYO -- The Japanese yen swung higher against the dollar on Tuesday afternoon, briefly touching the 158 level after the central bank flagged a higher inflation outlook while keeping policy rates unchanged at 0.75% at the end of its two-day meeting.
BOJ stands pat in split vote, boosts inflation forecast to 2.8%
TOKYO -- In a divided vote, the Bank of Japan decided to hold its benchmark interest rate steady on Tuesday while significantly raising its inflation outlook for the current fiscal year.
China's block of Meta-Manus deal spooks entrepreneurs and investors
HONG KONG/PALO ALTO, California -- China's move to block Meta's $2 billion acquisition of Chinese-founded AI startup Manus will have a chilling effect not only on China-born entrepreneurs but on cross-border, technology-intensive deals, analysts say.
BOJ postpones rate hike, revises inflation forecast up
TOKYO -- The Bank of Japan on Tuesday held its benchmark interest rate steady while raising its inflation outlook.